Three weeks after India invalidated its largest bank notes overnight, cash shortages are choking the world's fastest-growing large economy. Yet some of the early signs imply the disruption might not be as deep, or as long-lasting, as the long lines at banks and ATMs suggest.

The opposite of a bank run, it turns out, isn’t a good thing either. In the case of India, it is a total banking mess. India’s big bang demonetization program, aimed at rooting out “dirty” money from the economy, has forced $80 billion worth of old rupee notes into bank vaults. At first, this seemed like a boon for banks,...

India released economic data on Wednesday that confirmed its place as an outlier in a low-growth world, and Prime Minister Narendra Modi has promised further steps to encourage investment and modernize bureaucracy.

The problems arising from India’s decision to void its largest bank notes show no sign of easing. India's banknote ban has created a painful transition period with traders complaining of plunging sales. Photo: Getty Images

Prime Minister Narendra Modi’s request for feedback on his move to scrap large denomination notes has sent his app to the top of the charts. Mr. Modi on Tuesday asked users of his app, which allows citizens share their views and get news about the leader of the world's largest democracy, to rate his decision to replace 500 and 1000-rupee...

Unable to spend or deposit their sackfuls of large bank notes amid India’s crackdown on hoarding cash, business owners across the country are paying employees months of salary in advance, ringing up bogus sales and even buying gold they can smuggle overseas to get rid of stashed money or conceal its source.

Indian Prime Minister Narendra Modi's move to scrap the country's largest denomination notes has meant that about $73 billion has made its way from under mattresses and inside safes into the banking system, according to the country's central bank. What does that mean for lending?

A week after Prime Minister Narendra Modi abruptly voided India’s largest bank notes, people across the country are holding on to small bills, a response that is pinching cash-based economic activity and causing some analysts to re-examine their forecasts for output growth.

India's move to replace its largest rupee notes is turning out to be painful. Crowds of cashless Indians are still lining up outside banks and ATMs, a week after Indian Prime Minister Narendra Modi unexpectedly announced that the country’s largest notes would be replaced with newly designed bills to thwart counterfeiters and bring more stashed currency into the banking system.